Articles tagged “bankruptcy”

Other airlines — including United and JetBlue — could benefit in markets like Fort Lauderdale.

Spirit is set to emerge from its second Chapter 11 bankruptcy in the late spring or early summer. Post-bankruptcy, it is looking to expand premium seats and shift focus to routes with high-demand.

The asset-light hotel model has a blind spot. Wyndham just found it.

Right before spring break, Spirit is bringing back some flight attendants to work after furloughing around 1,800 flight attendants last year.

New Frontier CEO James Dempsey wants to take the carrier back to its low-cost roots, saying that saving on costs will lead Frontier to a more sustainable path.

After merger talks with Frontier stalled, Spirit is now looking to Castlelake for another way out of Chapter 11 bankruptcy.

The immediate access to $50 million will allow Spirit to stay afloat in the short-term. The airline's creditors are meeting Wednesday and it is widely expected that they will discuss Spirit’s third round of bankruptcy financing.

In court filings, Marriott claims that Sonder sought up to $50 million in emergency funding while allegedly threatening to strand thousands of guests unless Marriott paid up.

To paraphrase Ernest Hemingway: You go bankrupt two ways. Gradually and then suddenly.

The job cuts come after Spirit received a multi-million-dollar lifeline from a U.S. bankruptcy court, giving the ultra-low-cost carrier more legroom to stay afloat.